City of Bryan Eyes Tax Rate Increase

By: Joe Brown Email
By: Joe Brown Email

After seven years without a property tax increase, the city of Bryan is considering raising the rate by a penny.

The current property tax rate stands at $.6364 per $100 of assessed value. The new rate proposed is exactly one penny more, $.6464.

The effective rate, which is the rate needed to raise the same amount of revenue as last year, is $.6121. The proposed increase is well under the rollback rate of $.6712.

Under the new rate, a family with a $100,000 home would see its tax bill go up $10 a year.

The city council will vote Tuesday on placing the proposed increase on its September agenda.

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